Perisai Petroleum to Acquire SJR Marine for $42M

In Singapore on Jan. 30, 2008, oilfield service provider Persai Petroleum Teknologi Bhd signed a Share Sale Agreement with Mercury Pacific Marine Pte Lte for the purchase of support vessel supplier SJR Marine.

According to an announcement made to the Malaysian Stock Exchange, Persai will pay about U.S. $42 million through cash ($2 million) and issuance of new ordinary shares of the company (86,400,000 shares).

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